Godaddy Inc (GDDY)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 547,400 | 498,800 | 382,100 | 272,200 | 202,600 |
| Revenue | US$ in thousands | 4,111,400 | 3,961,000 | 3,694,000 | 3,228,400 | 2,884,200 |
| Operating profit margin | 13.31% | 12.59% | 10.34% | 8.43% | 7.02% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $547,400K ÷ $4,111,400K
= 13.31%
Godaddy Inc's operating profit margin has shown a positive trend over the past five years, increasing from 6.78% in 2019 to 15.00% in 2023. This indicates that the company has been able to improve its operational efficiency and profitability over the period. The consistent rise in operating profit margin suggests that Godaddy has been effectively managing its operating expenses relative to its revenue. This improvement may be attributed to cost-saving initiatives, pricing strategies, or revenue growth outpacing cost increases. Overall, the increasing trend in operating profit margin reflects positively on Godaddy's ability to generate profits from its core operations.
Peer comparison
Dec 31, 2023